Key Insights:
Bitcoin and most altcoins have been struggling to keep their price levels intact.
Crypto ETF issuers introduce new bonds and crypto investment companies index ETFs.
Jupiter brings a new 700 million JUP token airdrop for its users.
Market sentiments have dropped to 54 today due to the impact of price corrections.
With 44% of crypto options expiring today, Bitcoin may hit $90k or even slide down to $85k by the end of this week. Bitcoin's price behavior after this uncertain period is expected to decide its course over the next few months in 2025.
Bitcoin's Price Trend Today
CoinMarketCap
At press time, Bitcoin was trading around $96k with a 2.15% loss since the last 24 hours and a trading volume of $45 billion.
Ethereum's Price Trend Today
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Amid ETF gains and its revaluation forecasts beyond $10k, Ethereum has still been considerably bearish and has been trading around $3,360 levels. Yet some experts sill predict that ETH might shed its bearishness for the rally of a lifetime in Q1(Jan to Mar) of 2025.
At press time, Ethereum's price was $3,362, with a loss of 2.1% over the last 24 hours and a corresponding trading volume of $22.5 billion.
XRP's Price Trend Today
CoinMarketCap
Despite Ripple's newfound support for Donald Trump and the possible end of the XRP vs. SEC case with the appointment of the new SEC chief, Paul Atkins, XRP has been considerably bullish today, along with the rest of the markets.
At press time, XRP's price was at $2.15, with a loss of 4.13% over the last 24 hours, and had a trading volume of $5.5 billion.
Solana's Price Trend Today
CoinMarketCap
Despite the general bearishness, Solana appears slightly more neutral than others and held its price at $190. According to various expert predictions, SOL is expected to cross $1000 in the medium term and $4000 in the long term.
At press time, Solana traded at $188, with a 3.5% price drop in the last 24 hours and a trading volume of $2.7 billion.
Memecoin Markets Today
CoinMarketCap
Top memecoins extended their losses further, with Dogecoin losing 4% of its price and Shiba Inu losing 3.3% in the last 24 hours. Other memecoins like PEPE, BONK, and WIF had similar losses.
From just 500k transactions per day at the beginning of 2024, the Base blockchain has achieved astounding success this week with over 7.5 million transactions per day, leaving all other Layer-2 chains aside, like Polygon POS and Optimism.
Bitwise has applied for a unique crypto investment ETF, which will own the shares of all the crypto companies investing in Bitcoin, Ethereum, XRP, Solana, and other cryptocurrencies. Experts say this ETF is a step towards the Bitcoin Standard.
Bitwise Bitcoin Investment Company Tracker ETF
Securities and Exchange Commission, USA
A company co-founded by Vivek Ramaswamy, Strive Asset Management has pushed to launch a bond ETF that will invest in the Bitcoin bonds of MicroStrategy and similar companies.
MicroStrategy funds its Bitcoin purchases through convertible bonds, which are eventually automatically converted into MSTR shares.
Investing in the bond will allow ETF owners to indirectly own the shares of MSTR and similar companies without actively investing in Bitcoin, which is inside the safety net of a traditional bond.
The airdrop, titled Jupiter's Jupuary, will require users to interact with the Jupiter exchange via swapping tokens or by staking them. Eligible swap users will receive a total prize of 500 million JUP, and the rest 200 million JUP will be airdropped to staked users in its Carrot program (50 to 200 JUP per user) and Good Cats program.
Jupiter is a decentralized exchange in Solana that offers DeFi services like staking, borrowing, lending, etc. At press time, Jupiter's token JUP is priced at approximately $0.835.
Jupiter Token Price Trend in 2024
CoinMarketCap
Market sentiments have dipped a little more today as altcoins continue to correct. The Fear and Greed Index has now reached 54 from 63 yesterday but is still within the bullish territory.
Crypto Market Sentiments Today
CoinMarketCap
Similarly, the Altcoin Season Index has hit another low, now at 39. At the peak of the current alt season earlier this month, the index score was 87.
Altcoin Season Index Today
CoinMarketCap
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.